Month: January 2017

Allegations by U.S. financial regulators that Navient, the nation’s largest student loan servicing company, misapplied payments and steered graduates into higher-cost repayment plans, underscores the complexity — and risks — of paying off college debt. The suit...VIEW MORE

If your kids have to move back in with you after college, the problem is more likely to be that they didn’t get their degree than that they are burdened with student loan debt. That’s the conclusion...VIEW MORE

There are ways to both cut debt payments—and end up with more money for retirement As millennials struggle to repay record levels of student-loan debt, many are making costly mistakes that threaten to undermine their long-term financial...VIEW MORE

Maryland Governor Larry Hogan says wants to help residents who are struggling with student loan debt and the high cost of college tuition, and he’s pledging millions of dollars in relief to get it done. At a...VIEW MORE

Should repayment of student loans be a family affair? That’s a question many baby-boomer parents are wrestling with as they watch their young-adult children struggle to pay off college debt in an era of sluggish wage growth...VIEW MORE

Some companies have setup a program to help their employees pay off their student loans. Only a few are participating at this time, but the ones who are, are offering up to $10,000 in assistance over the...VIEW MORE

Readers ask how to handle high estimated family contributions and problems with co-signed student loans. A new year is upon us, but some things stay constant – like concerns over covering the cost of college today and...VIEW MORE

It’s been a big year for student loan debt. Fueled by the voices of burdened borrowers who share more than $1.3 trillion in outstanding student debt, the commentary surrounding the student debt crisis seemed to reached a...VIEW MORE

Janet Yellen, chair of the Federal Reserve, spoke at the University of Baltimore’s midyear commencement on Monday, and her message was about as upbeat as any the students will ever hear from a practitioner of the dismal...VIEW MORE

Headlines

June 15, 2017

For most borrowers, federal student loans don’t go away until you pay them off. But in rare cases, the government will discharge the remaining balance of your student loans. In fact, there are seven options for student...VIEW MORE

June 14, 2017

Americans now hold more student loan debt than ever before, and many workers must pay off loans before they can start thinking about their financial future. Last week, Memphis announced the launch of a Student Loan Reduction...VIEW MORE

June 08, 2017

The Education Department said Tuesday that the hundreds of thousands of doctors, lawyers, teachers and social workers on track for a form of student loan forgiveness will not be affected by President Trump’s proposal to get rid...VIEW MORE

June 07, 2017

Curry Oglesby knows the challenges firsthand of trying to pay down her debt and also plan for her future. “It’s not like I have savings right now,” she said. The 30-year-old graduated from Howard University in 2009...VIEW MORE